Life is full of surprises. Most of us experience emergency or sudden events that cost money when we may not have much extra to spare.
Emergency funds will give you immediate access to cash in an unexpected and urgent event in life. When considering savings, you should prioritize emergency funds both in the form of money and in an easily accessible savings account.
If you drive a car, you need to plan on it needing repairs at some point. Repairs can become a financial emergency if you don’t have the money to pay for them. This is why it’s a good idea to have a dedicated savings account for automotive repairs.
When it comes to your banking accounts, if you’re like many Americans, you probably don’t think about the specifics too much. You have the checking account you use every day for regular purchases, a credit card or two, and often a savings account to maintain funds for a rainy day.
Receiving a higher education and a college degree is a great way to increase someone’s chance of getting into a good career and helping them figure out what they want to do with their life.
Household emergencies are an unfortunate fact of life, and dealing with even a small unforeseen repair bill can seriously derail a family’s finances.
If you’ve paid even a little attention to the news, you’ve probably heard of personal injury cases. You might know that they have something to do with the court system and you might have even seen that certain attorneys specialize in handling them.